Paragon Entertainment Limited Waiver of share option scheme (1895O)
16 May 2018 - 2:20AM
UK Regulatory
TIDMPEL
RNS Number : 1895O
Paragon Entertainment Limited
15 May 2018
Date: 15 May 2018
On behalf Paragon Entertainment Limited ("Paragon",
of: the "Company" or the "Group")
Paragon Entertainment Limited
Waiver of share option scheme
Paragon Entertainment Limited (AIM: PEL), the attractions
design, production and fit-out business, today announces that under
the terms of a waiver executed yesterday all participants in the
Paragon Entertainment Investments Limited incentive scheme ("PEIL
Scheme") which was established in December 2011 (and amended in
June 2016) have given up their rights under the PEIL Scheme
irrevocably and in full for no valuable consideration. As a result
the PEIL Scheme is now effectively cancelled.
Participants in the scheme comprised Mark Taylor, Mark Pyrah and
John Dobson all directors of the Company.
The Company expects to announce the full FY17 results during May
when further information on FY18 trading will be provided.
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR").
David Bridgford, non-executive director commented:
"Given the recent trading performance of the business none of
the participants in the PEIL Scheme felt that it was appropriate
for any shares to vest as a result of their participation in that
scheme. The remuneration committee will give further thought to the
re-establishment of long term incentives for senior management in
due course, though currently all of our focus remains on the
business."
For further information:
Paragon Entertainment Limited
John Dobson (Chief Executive)
Mark Taylor (Non-Executive
Chairman)
finnCap Ltd 01904 608020
Julian Blunt / Simon Hicks
(corporate finance)
Alice Lane (corporate broking) 020 7220 0500
About Paragon
Paragon Entertainment Limited (AIM:PEL) is an award winning
provider of attraction services from initial design production and
consulting through to the fit out and installation of themed
attractions, heritage exhibits, museums, aquariums and water parks,
inter alia. Paragon Entertainment is the holding company for
Paragon Creative Limited.
The Group's projects have included:
-- The build of Rolling Stones Exhibitionism at the Saatchi Gallery, London;
-- The design and build of Kidzania, London;
-- The design and build of galleries at the Olympic Museum for
the IOC in Lausanne, Switzerland;
-- The design and build of the galleries at The National Museum of Kazakhstan;
-- The design and build of Titanic Belfast; and
-- The thematic build of the Wallace and Gromit ride at Blackpool Pleasure Beach.
The Group listed on AIM in 2011. Further information can be
found at http://www.paragonent.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAKSSFFLPEFF
(END) Dow Jones Newswires
May 15, 2018 12:20 ET (16:20 GMT)
Paragon Entertainment (LSE:PEL)
Historical Stock Chart
From Apr 2024 to May 2024
Paragon Entertainment (LSE:PEL)
Historical Stock Chart
From May 2023 to May 2024